Study ranks top cities where the ’1 percent’ live

A study found Houston and Dallas are among the most popular U.S. cities for the “1 percenters” — the focus of the Occupy movements erupting around the country — to live.

Wealth-X, a global wealth intelligence firm that help connect organizations with the super rich, ranks New York City, Los Angeles and San Francisco as the top three cities with the greatest concentration with people that have “ultra high networth.”

Houston and Dallas ranked among the 10 cities. Atlanta, Washington D.C., and Chicago also made the list.

The group defines these wealthiest individuals as anyone with at least $30 million in accumulated assets, like real estate cash, private planes and art. The rankings are only based on primary residences, because many of the ultra rich have multiple homes.

“Certain geographic clusters generate and attract wealth,” said Wealth-X co-founder David Friedman. “While Occupy Wall Street protesters may direct their anger at wealthy, New York bankers, the more relevant question is, ‘What about New York, or any of the other cities, has engendered unique ecosystems of education, risk capital and human capital that result in prosperity, and how can that be more geographically dispersed?’

CNBC reported that 57,860 such individuals live in the U.S., which has 114 million households.

This percent is actually 0.5 of the nation, the article said. Those with a net worth above $1 million make up 5 percent of the nation.